Price: $4m + GST (Selling Both Properties Together)
Substantially Below Capital Values!
110 Station Road, Papatoetoe
Land Size: 8076 m²
Resource Consent: Granted for subdivision into 3 sections
Capital Value: $1,925,000
15 Glenmary Place, Papatoetoe
Land Size: 29,600 m² (2.96 hectares)
Floor Area: 186 m² (4-bed, 3-bath home)
Current Rent: Approx. $1,000 per week
Capital Value: $3,600,000
Overview:
Seize the opportunity to secure two substantial properties in Papatoetoe, offered together for a great price of $4m + GST. These properties represent an exceptional chance to capitalize on their development potential, with combined land holdings of 37,676 m² (3.7 hectares) in one of Auckland's most sought-after and rapidly developing suburbs.
Key Features:
• Total Land Size: A combined 37,676 m² (3.7 hectares) of prime land, offering huge potential for residential development, subdivision, or land banking.
• Development Potential:
o 110 Station Road has resource consent granted to subdivide into three sections, allowing for immediate development.
o 15 Glenmary Place offers a large parcel of land, currently with a 4-bedroom home, and has significant potential for subdivision or build-to-rent developments.
• Current Income: The property at 15 Glenmary Place is tenanted with a steady income of approximately $1,000 per week.
• Motivated Vendor: The vendor is exiting the market and offering both properties at a substantial discount to their GV, creating an outstanding opportunity for investors and developers.
Location Benefits:
• Both properties are in Papatoetoe, an area known for its excellent accessibility, transport links, and local amenities.
• Proximity to key Auckland destinations:
o Papatoetoe Train Station (1km)
o Westfield Mall & Public Pool/Gym (2.5km)
o Middlemore Hospital & Manukau City Centre (3.8km)
Why Invest?
• High Development Potential: With resource consent already granted for one property and the substantial land area of both, this package is ideal for land bankers, developers, and build-to-rent accommodation operators.
• Strategic Location: Both properties are positioned in a growing and highly accessible suburb with strong demand for residential housing, making it a prime investment.
Don't Miss Out on This Incredible Opportunity!
Secure two prime development properties in the heart of Papatoetoe for $4m + GST. This is your chance to unlock the full potential of these landholdings and create value in one of Auckland's most dynamic areas.
Also available, For Sale: Rare Investment Opportunity at 15 Glenmary Place, Papatoetoe, Auckland
Contact Enoch 021928361 to arrange a viewing or for more details.